Tribunals · London Borough of Camden · 2017 rating list

3RD FLR 163-170 TOTTENHAM COURT ROAD, W1T 7NP

Decided 22 November 2024 CHG100631039 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£365,000£550/m²

Ratepayer sought£315,000

VO conceded first—

Tribunal decided£365,000£550/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued that the assessments at £550/m2 were excessive based on nearby challenge settlements that had been reduced to £425-£475/m2, and proposed a reduction to £450/m2. The tribunal found that the rental evidence from within the same building (3rd floor: £474.96/m2 in 2011, rising to £659.66/m2 in 2016; 4th floor: £504.08/m2 in 2013) demonstrated market growth that supported the £550/m2 valuation, which was the lowest figure within the scheme. The tribunal concluded the appellants had not produced sufficient evidence to justify the reduction.

Summary generated from the decision text and checked against it. The appellant was ULC Partners Limited and HCA International Limited, represented.